Newsagent for sale in Rochester

Rochester, Kent


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Terraced property, excellent High Street trading position, historic town, KENT

WE ARE INFORMED the turnover averages £7,500/£8,000 p.w. in our opinion offering further potential to increase in the right hands & indeed with additional opening hours. Wholesale newsbill £1,700 p.w. Gross profit 20% approx. We are further advised that the sales year ending 31st December, 2013 showed £307,431 wth a gross profit of £49,694 plus commission received of £749 providing a total gross profit of £55,665. We are advised that the premises has recently been granted a National Lottery terminal.

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease at a rental of £18,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 24 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUSTBE SEEN TO BE FULLY APPRECIATED

The accommodation with FULL GAS FIRED CENTRAL HEATING comprises:

3 bedrooms (1 double, 2 singles)
Shower room with shower, w.c. and wash hand basin.
Large lounge.
Kitchen (needs refitting)
Cloakroom with w.c. and wash hand basin

Monday - Saturday inclusive - 6.30 a.m. - 5.30 p.m.
Sunday opening - 8.30 a.m. - 2 p.m.
We understand the Premises Licence for the sale of wines, beersk & spriits permits the sale of alcohol from 7 a.m. - 7.30 p.m. seven days per week

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION (£12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £400,000 plus STOCK AT VALUATION (£12,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £100,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
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